In the wake of the South Australia blackouts, the Coalition has proposed changes to the Clean Energy Finance Corporation, which would allow it, or essentially force it, to invest in ultra-super critical coal-fired power stations.
But what is the CEFC anyway? And is coal-fired power part of its remit?
What is the CEFC?
The CEFC is a government-owned green bank created in 2012 under the Clean Energy Finance Corporation Act 2012 by the Gillard government to finance the clean energy sector. Tony Abbott tried and failed twice to get rid of the CEFC while he was prime minister.